SH. N. K. BILLAIYA, ACCOUNTANT MEMBER AND SH. KUL BHARAT, JUDICIAL MEMBER For the Appellant : Sh. Subhra Jyoti Chakrabotry, CIT DR For the Respondent : Sh. Ved Jain, Advocate Ms. Supriya Mehta, CA ORDER PER N. K. BILLAIYA, AM: This appeal by the revenue is preferred against the order of the CIT(A)- 16, Delhi dated 25.09.2014 pertaining to A.Y. 2007-08. 2. The solitary grievance of the revenue is that the CIT(A) erred in allowing the appeal of the assessee by holding that the pr... ... ...

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 12th January, 2023 IFSCA/2022-23/GN/REG032.-In exercise of the powers conferred by Section 28 read with Sections 12 and 13 of the International Financial Services Centres Authority Act, 2019, and clause (zaa) of sub-section (2) of Section 114A of the Insurance Act, 1938, read with Ministry of Finance, Department of Financial Services, notification number S.O. 3035(E) dated 04th July, 2022, the Internati... ... ...

Late fees for delayed filing of Bills of Entry are waived where the delay relates to consignments covered by Import General Manifests filed on 1 and 2 February 2021 and resulted from the ICES shutdown for Budget 2021-22 system updation. The waiver applies to late fees otherwise chargeable under the Bill of Entry (Forms) Amendment Regulations, 2017. ICES filing services were restored on 3 February 2021.

HONOURABLE THE CHIEF JUSTICE AND HONOURABLE MR. JUSTICE HARISH KUMAR For the Petitioner : Mr. Suraj Narain Yadav, Advocate For the Responden : Mr. Standing Counsel 11 ORAL JUDGMENT (Per: HONOURABLE THE CHIEF JUSTICE) The petitioner is concerned with the refund application filed at Annexure-P/3. 2. On facts suffice it to notice that for the year 2015-16, the petitioner was assessed under the Bihar Value Added Tax Act, 2005, by an order dated 11.02.2016, raisi... ... ...

Refund of accumulated input tax credit for tax periods from January 2022 onwards is restricted to credit reflected in FORM GSTR-2B for the relevant or preceding tax periods and otherwise available to the applicant; previously disposed claims are not reopened. Exporters who subsequently export goods or realise export-service payment after the bond or Letter of Undertaking time limits may claim otherwise admissible refund of unutilised input tax credit and integrated tax paid, but not interest. Exported-goods value in adjusted total turnover follows the rule 89(4) Explanation.

SHRI S.S.GODARA, JM AND SHRI DR. DIPAK P. RIPOTE, AM For the Assessee : Shri Sarvesh Khandelwal For the Revenue : Shri S. P. Walimbe ORDER PER S. S. GODARA, JM : 1. This assessee's appeal for A.Y. 2006-07 is directed against the CIT(A)-6, Pune's order dated 22/03/2017 passed in case No. PN/CIT(A)-V/ITO Wd.8(1)/96/2014-15 involving proceeding u/s. 143(3) r.w.s. 147 of the Income Tax Act, 1961; in short "the Act". Heard both the parties. Case file perused. 2. We notice at the ... ... ...

Where the Tribunal follows binding High Court precedent and identical Revenue appeals have already been dismissed, no substantial question of law arises unless contrary material distinguishes or displaces the settled position. The Revenue's challenge failed because it identified no basis to depart from the governing precedent, and the issue remained decided in favour of the assessee.

Global investment access is integrated into IFANOW's wealth-management platform through Appreciate's technology infrastructure, enabling advisors and clients to access Global Funds and US Stock Baskets within existing workflows. Assisted and DIY journeys support onboarding, KYC, remittance and investment execution. Appreciate provides infrastructure for execution, payments, distribution, advisory and exchange connectivity through APIs and SDKs. Global investments are facilitated through regulated GIFT City IFSC and FEMA-compliant Liberalised Remittance Scheme routes, with supported banking channels for funding.

Orange Retail Finance India Private Limited completed a listed non-convertible debenture issuance as the first tranche of its listed debt programme. The issuance is part of a broader debt-fundraising plan to diversify funding sources, establish an institutional capital-raising platform and support asset-liability management. It accompanies a transition from legacy two-wheeler lending to secured retail finance focused on gold loans and MSME loan against property in semi-urban and rural markets.

Pending completion of role mapping on the Boweb Portal, existing officer assignments continue despite changes in office nomenclature or territorial jurisdiction. Officers must continue to perform tasks allocated before the revised jurisdictional allocation, including registration, refund, scrutiny, audit, enforcement, adjudication, appeals and related functions, until the portal mapping is updated.

Territorial jurisdiction under the Rajasthan Goods and Services Tax Act, 2017 is assigned to corresponding levels of proper officers exercising jurisdiction under the Rajasthan Value Added Tax framework. The assignment aligns GST officer jurisdiction with jurisdiction allocated under specified provisions of the RVAT Rules, 2025 and the RVAT Act, 2003. The revised arrangement replaces the earlier departmental assignment and takes effect from 15 August 2026.

Resolution-plan approval requires the prescribed compliance certification, creditor approval, provision for insolvency-resolution costs and stakeholder payments, and arrangements for management, implementation and supervision. Eligibility of the resolution applicant, feasibility and viability of the plan, and compliance with resolution-plan requirements and applicable law are necessary conditions. Where provision is made for disputed statutory claims, they are addressed under the plan; claims excluded from an approved plan stand extinguished. A plan meeting these conditions becomes binding on the corporate debtor and stakeholders covered by it.

GST jurisdiction is determined by the date on which statutory power is invoked. Proceedings validly undertaken by the officer having jurisdiction at that time remain valid after taxpayer migration. The transferee jurisdictional authority must take over pending matters from their existing stage, implement prior valid action, and conduct all further and consequential proceedings. The transferor authority cannot initiate action after migration and must communicate subsequently noticed matters to the transferee authority.

Reorganized field formations commence regular functioning after system mapping of newly created Zones, Circles and Wards, corresponding officers and territorial jurisdictions. Officers must immediately undertake statutory, administrative and other duties in their newly assigned jurisdictions. Additional Commissioners responsible for administration, BAW, enforcement wing and appeals must ensure a smooth transition and uninterrupted disposal of work.

Section 258(1)(b) of the Income-tax Act, 2025 authorises the Central Government to specify the Secretary, ITE&C, Government of Andhra Pradesh, as the official for sharing information concerning income-tax payers. Such information sharing is connected with identifying persons eligible for the various welfare schemes implemented by the Government of Andhra Pradesh.

Revocation of cancellation of registration applications filed beyond 60 days but within 90 days from service of the cancellation order are governed by the extended revocation procedure. The prescribed standard operating procedure applies mutatis mutandis. Special Commissioner-I is responsible for Zones 1 to 6 and Special Commissioner-II for Zones 7 to 12. All other conditions governing revocation of cancellation of registration remain unchanged.

Emerging financial technologies should be evaluated by the financial need they address rather than by novelty alone. Their benefits depend on inclusive design choices such as interoperability, common standards and accessibility. Prudence requires safeguards against risks arising from automation speed, concentration in technology dependencies and opacity in advanced models. Institutions remain accountable for customer fairness and risk management despite algorithmic decision-making or third-party technology provision. Policy should apply proportionate governance, validation, oversight and intervention requirements, while allowing controlled experimentation and adaptive supervision to support responsible innovation.

Input tax credit time limits under Section 16(4) for reverse-charge supplies received from unregistered persons are addressed for Delhi GST purposes by the corresponding central GST clarification. The clarification is adopted mutatis mutandis for application under the Delhi Goods and Services Tax framework. The position is clarificatory in nature.

Rupee depreciation against the US dollar was linked to Brent crude prices exceeding USD 100, persistent dollar demand and concern over India's import bill. India's substantial dependence on crude imports makes sustained oil-price increases a source of pressure on the import bill, current account and rupee. FCNR-related dollar inflows have largely faded, while movement above the 95 USD/INR level generated additional dollar demand and was viewed as technically significant.

Valuation of imported services supplied by a related person to a recipient eligible for full input tax credit is clarified for implementation under the DGST Act, 2017. The corresponding central clarification applies mutatis mutandis to such related-party import-of-service supplies, with the stated objective of uniform implementation.